VEON Ltd. (VEON) Stock

About VEON Ltd.

VEON Ltd. provides telecommunications and digital services in Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. The company offers mobile telecommunications services under prepaid and postpaid subscriptions, including value-added and call completion services, national and international roaming services, wireless Internet access, mobile financial services, and mobile bundles; fixed-line telecommunications using fiber optic networks; cross-border transmission services; prepaid scratch cards and electronic recharge options; mobile services on 2G, 3G, and 4G/LTE networks; cloud solutions, including consumer storage apps; local, long-distance, and international voice services; and customer support through contact centers. It also provides FikrFree, a digital insurance marketplace; Tamasha, a video streaming app; ROX, a digital lifestyle brand; Garaj, a cloud platform; ApnaClinic and Helsi digital healthcare platforms; SIMOSA, ZARR, and RYZE lifestyle platforms; Kyivstar TV, a media streaming service; My Kyivstar, a self-service application; Uklon, a ride-hailing and delivery platform; Adwisor, an adtech platform; Simply, a mobile-only neobank; BeeTV, an entertainment platform; Hitter and riitm music streaming platforms; MyBL, Janymda, and Hambi super-apps; AI tutor, an AI-powered learning assistant; Toffee, an infotainment platform; BCloud, a digital infrastructure solution; Beepul, a financial services solution; KINOM, a digital entertainment platform; BeeMarket, an electronics and home appliance marketplace; Hambi Davo, a suite of digital health services; and OQ, a digital platform. The company distributes its products and services through a direct sales force, franchises, third-party retailers, distributors, supermarkets, stores, chains, online, offices, and other channels. The company was formerly known as VimpelCom Ltd. and changed its name to VEON Ltd. in March 2017. VEON Ltd. was founded in 1992 and is headquartered in Dubai, the United Arab Emirates.

VEON Ltd. is headquartered in AE.

VEON Ltd. (VEON) stock trades at $76.41 with a market capitalization of $5.29B. The stock is valued at a price-to-earnings (P/E) ratio of 112.37, price-to-book of 3.52, price-to-sales of 1.11. Over the past 52 weeks the stock has ranged between $42.60 and $78.83, and currently trades 3.1% below its 52-week high.

On profitability, VEON Ltd. generates a return on equity (ROE) of 4.15%, return on capital employed of 15.76%, an operating margin of 21.25%, a net profit margin of 1.24%.

Official website: www.veon.com

VEON Ltd. by the numbers, 2016–2025

Between 2016 and 2025 VEON Ltd. reported revenue of $8.9B rising to $4.5B, a change of -49.6% across 10 years. Compounded, revenue has grown 5.2% a year over five years, 6.0% over three, 11.8% over the last twelve months. Net profit fell to $541.0M.

Operating margin went from 12.2% in 2016 to 23.3% in 2025, a gain of 11.1 percentage points. The most recent net margin is 1.24%. On a trailing twelve-month basis to Jun '26, revenue is $4.8B and net profit $59.0M.

Borrowings fell from $11.1B to $5.1B, cash on hand is $2.7B, cash from operations was $1.4B in the latest year, positive in 10 of the last 10.

Return on equity has averaged -26.0% over five years, and was 40.4% in the most recent year.

The share price itself has compounded at 5.8% a year over five years, 60.5% over three, 48.2% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

VEON Ltd. (VEON) — frequently asked questions